Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
More Drug Companies Vow to Limit Price Increases
Jan 13 2017 // Grappling with a backlash against high U.S. prescription drug prices, more pharmaceutical companies are pledging to limit annual increases to under 10 percent – but the tactic is doing little to salve critics,...
New Climate Index Shows Extreme Weather Is Now 3 Times More Frequent
Jan 12 2017 // Extreme weather over the last five years has been occurring with a regularity that’s about three times the norm, according to a newly created index from a group of number crunchers. The Actuaries Climate Index, which...
Reinsurance Capacity Still Outpaces Demand Growth: Aon Benfield
Jan 12 2017 // Capacity continues to outpace the growth of reinsurance demand despite insurers’ continued efforts to optimize their view of reinsurance as capital and expand into growing lines of business and innovation, according...
Gaps in Insurance Cover Expose Shipping Firms to Cyber Risks
Jan 12 2017 // Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global...
U.S. Chamber Faces Challenges with Trump on Key Issues
Jan 11 2017 // The largest U.S. business lobby group on Wednesday said it could be a mistake to quickly repeal Obamacare without developing a replacement healthcare insurance plan and urged the incoming Trump administration not to erect...
Reuters: Beyond Flint, Thousands of Areas in U.S. Struggle with Lead Poisoning
Jan 11 2017 // On a sunny November afternoon in St. Joseph, Missouri, birthplace of the Pony Express and death spot of Jesse James, Lauranda Mignery watched her son Kadin, 2, dig in their front yard. As he played, she scolded him for...
House Kicks Off Year by Passing Sports Team Doctors’ Liability Bill
Jan 11 2017 // As Alabama and Clemson prepared for the national college football championship game kick-off the other day, the U.S. House of Representatives passed a bill on liability rules for sports medicine physicians and athletic...
Exiting U.S. Trade Rep Urges Trump to Uphold Trans-Pacific Trade Deal
Jan 11 2017 // President Barack Obama’s departing chief trade negotiator warned the Trump administration on Tuesday that it risked abdicating U.S. leadership in Asia by scrapping Obama’s 12-country Pacific Rim free trade...
Volkswagen Agrees to $4.3 Billion U.S. Settlement Over Emissions Fraud
Jan 11 2017 // Volkswagen AG confirmed on Tuesday it has negotiated a $4.3 billion draft settlement with U.S. regulators to resolve its diesel emissions troubles and plans to plead guilty to criminal misconduct. The guilty plea is part...
MF Global’s Corzine to Pay U.S. Regulator $5 Million Over Firm’s Collapse
Jan 10 2017 // Jon Corzine, former New Jersey governor and Goldman Sachs co-chairman, will pay a $5 million civil fine to settle a U.S. regulator’s lawsuit over the 2011 collapse of his commodity brokerage, MF Global Holdings...
Floods, Other Major Climate Events Cost U.S. $46 Billion, 138 Lives in 2016
Jan 10 2017 // During 2016, the United States experienced 15 weather and climate disasters with insured and uninsured losses exceeding $1 billion each across the United States. Overall, these events resulted in the deaths of 138 people...
Is Soft Market Bottoming? A.M. Best Points to Some Promising Signs
Jan 10 2017 // Some observers believe the bottom of the reinsurance market may be in sight because brokers are having greater difficulty filling out underpriced programs and further concessions in terms are difficult to obtain, according...
Louisiana Governor: Homeowners Should Get Flood Plan Money by April
Jan 9 2017 // Louisiana has submitted its plan to spend $438 million in federal flood aid, and Gov. John Bel Edwards’ administration says money should begin flowing for recovery work by April, even as the state continues to...
Supreme Court Lets Stand Websites’ Liability Shield in Child Sex Trafficking Case
Jan 9 2017 // The U.S. Supreme Court on Monday let stand a lower court’s decision that an online advertising site accused by three young women of facilitating child sex trafficking was protected by a federal law that has shielded...
ICAT Syndicate 4242 & Neon Partner to Underwrite Large U.S. Property
Jan 9 2017 // ICAT Syndicate 4242 at Lloyd’s, a U.S. catastrophe-exposed property underwriter, and Neon, a specialist Lloyd’s underwriter, have partnered in a reciprocal capacity arrangement to bring additional per risk...
UK Legal Action Launched Against Volkswagen over Emissions Scandal
Jan 9 2017 // A British law firm has launched legal action against Volkswagen, seeking thousands of pounds of compensation each for UK drivers affected by the carmaker’s emissions scandal. The German company is involved in...
How to Help Insureds Manage Customer Privacy Risk
Jan 9 2017 // Insurance carriers and agents have come to learn that increased data can lead to greater risk for insureds, and they are increasingly advising businesses to disclose data collection practices while seeking to gain...
U.S. to Study Sand from Bahamas to Protect Florida Coast
Jan 9 2017 // A potential solution to a troublesome sand shortage off Southeast Florida is tucked away in a massive water resources funding bill President Barack Obama signed into law last month. The 2016 Water Resources Development Act...
East Regulation Report Card: Vermont Ranks Best for 3rd Straight Year
Jan 9 2017 // The R Street Institute, an industry think tank headquartered in Washington, D.C., found Vermont has the best insurance regulatory environment in the U.S. for the third straight year in its annual Insurance Regulation...
Canada’s 2016 Nat Cats Bring Record Insured Damages of $3.7B
Jan 6 2017 // Insured damages from Canadian natural catastrophes during 2016 topped C$4.9 billion (US$3.7 billion) – smashing the previous annual record of C$3.2 billion (US$2.4 billion) set in 2013, according to the Insurance Bureau...
